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MPG vs UNHG

Leverage Shares 2x Long MP Daily ETF

MPGCNasdaq

Leverage Shares 2x Long UNH Daily ETF

UNHGANasdaq

Overlap

Expense ratio

MPG −0.01pt a year

MPG0.76%UNHG0.77%

Avg volume · 30D

UNHG 2.8×the volume

MPG259KUNHG726K

MPG vs UNHG Performance

Oct 31, 2025 – Oct 30, 2026

−79.1%MPG+11.9%UNHG

Oct 31, 2025 to Oct 30, 2026. MPG −79.1%. UNHG +11.9%. Use the arrow keys to read each point.−50%−25%25%Oct 2025Apr 2026Oct 2026
Expense ratio
MPG 0.76%, better
UNHG 0.77%
Fund size
MPG $3M
UNHG $63M
1Y total return
MPG −79.1%
UNHG +11.9%, better
Holdings
MPG 5
UNHG 5
Avg volume (30D)
MPG 259K sh
UNHG 726K sh, better
NAV per share
MPG $2.47
UNHG $20.57
52W range

ETF.net Grade

MPG: Cost 70, Risk 47, Mission 99, Tradability 59, Holdings not scored, Durability 48. UNHG: Cost 60, Risk 83, Mission 90, Tradability 91, Holdings not scored, Durability 66.
Pillar letters and Scores for MPG, UNHG, with each pillar’s weight
PillarMPGUNHG
Cost30% weightA70HigherB60
Mission25% weightA99HigherA90
Risk15% weightC47A83Higher
Tradability15% weightB59A91Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC48B66Higher

Rank among Single-Stock Long Leveraged funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. MPG and UNHG are both graded against the same 315 Single-Stock Long Leveraged funds, so their Grades compare head to head.

Single-Stock Long Leveraged⁠

Category · 315 funds
See all 315 ›

UNHG ranks 2nd and MPG 123rd of 315 funds in the Single-Stock Long Leveraged Category.

  1. Rank 1ATSMGLeverage Shares 2x Long TSM Daily ETFScore 73
  2. Rank 2AUNHGLeverage Shares 2x Long UNH Daily ETFScore 72
  3. Rank 3AOKTGLeverage Shares 2x Long OKTA Daily ETFScore 70
  4. Rank 123CMNSXCorgi MNST 2x Daily ETFScore 40
  5. Rank 123CMPGLeverage Shares 2x Long MP Daily ETFScore 40
  6. Rank 123CMPWCCorgi MPWR 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

MPGCLeverage Shares 2x Long MP Daily ETF

UNHGALeverage Shares 2x Long UNH Daily ETF

In short

MPG Two times the daily move of MP Materials, owner of Mountain Pass, North America's only active, scaled rare earth site. A supply-chain trade with the volume turned up, at 0.76% a year with no waiver propping up the number.

UNHG Two times UnitedHealth's daily move, reset every night: a managed-care insurer in a category stuffed with chip and AI names. UNHG got there first, and it charges 0.77%.

Stated mandate

MPG The fund seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of MP Materials Corp. stock (MP).

UNHG The fund seeks daily investment results equal to twice the daily performance of UnitedHealth Group Incorporated stock, before fees and expenses.

Why people hold it

  • MPG 0.76% a year, gross and net identical, no fee waiver doing the work, and below the typical fee in the single-stock leveraged crowd.
  • One holding, one job: 200% of MP Materials' daily move, the US rare earth magnet story with leverage attached.mpmaterials.com
  • Trades like a stock: no margin account, no margin calls, and exposure limited to what you put in, per the issuer factsheet.leverageshares.com
  • Day to day, results have hugged the stated 2x target closely, which is the whole point of a daily-reset product.
  • UNHG At 0.77%, the cheaper of the only two 2x UNH funds: Direxion's UNHU runs 0.97% net of a waiver through September 1, 2027. Both sit below the category's typical fee.
  • First to the 2x UNH trade, listed July 2025, months before Direxion's version arrived in March 2026. It trades actively for a single-stock leveraged fund.direxion.com
  • Exposure comes from total return swaps reset at each close, and day-to-day it has stayed close to its 2x target. One of the better-built funds in a crowded bull field.leverageshares.comsec.gov

Worth knowing

  • MPG The 2x resets daily. Hold for weeks and compounding takes the wheel; choppy stretches can leave you short of 2x the stock's move.leverageshares.com
  • One company, no diversification. MP Materials swings hard on policy and rare earth headlines, and this doubles those swings both ways.mpmaterials.com
  • Launched in 2025 and still a small fund with moderate volume, so spreads can run wider than on the category's giants.
  • UNHG Daily reset means multi-day results depend on the path UNH takes, not just its direction. Choppy stretches can erode value even if the stock ends where it started.leverageshares.com
  • Swap-based exposure carries counterparty risk, and everything rides on one managed-care company's news, from earnings to policy headlines.leverageshares.com
  • Listed in 2025, so there is little history to judge it across a full market cycle.

Full MPG profile⁠

Full UNHG profile⁠

MPG vs UNHG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

MPG vs UNHG Cost

Overpaying UNHG vs MPG

$173

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MPG 0.76%

    $14,656

  • UNHG 0.77%

    $14,829

$10,000
30 years

Cost over time

  • MPG 0.76%
  • UNHG 0.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530UNHG $14,829MPG $14,656

Year by year

YearMPGUNHGOverpaying
10$1,353$1,371$18
20$5,142$5,205$63
30$14,656$14,829$173

Expense ratio

  • 0.76%MPG, cheaper
  • 0.77%UNHG
  • Middle half of Single-Stock Long Leveraged funds
  • Median 0.97%

MPG 131st cheapest of 315 funds

UNHG 135th cheapest of 315 funds

MPG vs UNHG Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
MPG None
UNHG No data
Last payment
MPG No data
UNHG $1.90
Ex-dividend
MPG No data
UNHG Dec 30, 2025
Paid on
MPG No data
UNHG Jan 2, 2026
Frequency
MPG No data
UNHG Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

MPGAll MPG payments⁠

No distribution history available.

UNHGIrregular · 1 paymentAll UNHG payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $1.90. Use the arrow keys to read each point.$0$22026YTD

MPG vs UNHG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MPG 142.7%since Nov 2025UNHG 98.1%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MPG −0.48since Nov 2025UNHG 0.90since Aug 2025
Worst fallMax drawdown, 5 years
MPG No dataUNHG −57.1%since Jul 2025
Market sensitivityBeta, 5 years
MPG 7.82UNHG 5.53

Popular comparisons

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